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Fifth Ward

Learn about the people, housing, costs and businesses in Fifth Ward, Louisiana

Median Home$124,900
Median Rent$997/month
Population1,007
Leading IndustriesEducation · Wholesale Trade4% education
Home Value Growth⬆⬆+18.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners70% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableTransit80/100 · excellent transit access
Fifth Ward
LA

Frequently Asked Questions

What are today's mortgage rates in Fifth Ward?

As of today, the 30-year fixed mortgage rate for Fifth Ward is approximately 7.266% (7.316% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Fifth Ward?

The median home value in Fifth Ward is $125k. The median monthly rent is $997. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fifth Ward?

Home values in Fifth Ward have increased 18.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Fifth Ward?

Based on a typical all-in ownership cost of $717/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fifth Ward is $52k/year.

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What industries drive the economy in Fifth Ward?

The largest employment sectors in Fifth Ward are public administration (25%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.